Market stats - what happened last month, and what does it mean?

August market stats for the Greater Greenville area are in, and what we see is a stable but slowing market. Prices are staying in range with 2022 levels and the percentage of list price received is still elevated over "normal" levels, but inventory is climbing, days on market are back into the 40s, and there is plenty of anecdotal evidence that the market is slowing down quite a bit. Real estate is inherently seasonal, so how much of the shifting market can be explained by seasonality, and how much more shifting can we expect with mortgage rates at their highest levels in decades? There's a lot to discuss as we dig into the data.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.